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Angus Geddes from Fat Prophets says the US election's outcome could trigger gains in early-stage bull markets in China and Hong Kong . A gridlock result could moderate tariff tensions and fuel market rallies. He is optimistic about fiscal stimulus boosting stocks further.
Angus notes China's fiscal boost and recovering gaming revenues in Macau present opportunities for investors. With Chinese consumers having high savings, there's potential for unleashed spending. Tech and resource sectors also appear promising, with copper prices firming as a positive indicator.
Angus projects the ASX 200 could hit 9000 driven by resource sector recovery. Defence and healthcare like CSL (ASX:CSL) and ResMed (ASX:RMD) may benefit due to geopolitical risks. Cheap valuations in Macau gaming present value opportunities as gaming revenue nears pre-pandemic levels.
